Orcadian Energy plc has been granted a time extension to Phase A of licence P2320 in the UK North Sea. EMISSIONS The North Sea Transition Authority (previously known as the Oil and Gas Authority) allowed the extension to 14 May 2023, with the initial term also extended to 14 November 2024. The company said that licence P2320 […]
Tag: oil and gas
Rockhopper reports second extension for Falklands deal
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the heads of terms for oil interests in the North Falkland Basin. DATE The companies, which signed the deal in December 2021, first extended the date from 31 January to 31 March 2022. Today’s announced agreement extends the deadline from […]
United starts production from ASD-2 well at Abu Sennan
United Oil & Gas plc has started production, with rates significantly higher than pre-drill expectations, at the ASD-2 development well in Abu Sennan joint venture (JV) licence, offshore Egypt. OPERATIONS The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. The ASD-2 well is the eighth consecutive successful […]
Hurricane Energy extends FPSO charter
Hurricane Energy plc has signed a contract to extend the bareboat charter to cover the remaining economic life of the Lancaster oil field, West of Shetland. TERMS The contract with Bluewater (Aoka Mizu) B.V., owner of the Aoka Mizu FPSO, was due to expire on 4 June 2022. Hurricane said that either party could give six […]
EnQuest appoints Salman Malik as CFO
EnQuest plc has appointed Salman Malik as chief financial officer (CFO) and an executive director. Mr Malik is currently the company’s managing director – corporate development, infrastructure and new energy as well as a member of the executive committee. He will succeed Jonathan Sweeney who is due to join Tullow Oil plc later his year. […]
EnQuest CFO Jonathan Swinney moves to Tullow
EnQuest plc founding chief financial officer (CFO) and executive director Jonathan Swinney will leave the company to take up the same posts at Tullow Oil plc. Richard Miller, currently Tullow group financial controller, will act as interim CFO until Mr Sweeney joins the company later this year. Mr Swinney has extensive oil and gas and […]